Wednesday, July 20, 2011

Some City Council Members Rack up Big Debts

  It appears that some City Council members have racked up huge debts since the 2009 filings. 

  According to Celeste Katz of the Daily News, she reports that Brooklyn Councilman Michael Nelson owes $102,000 on four credit cards. Nelsons wife died of cancer in 2008, and he said he put all the bills on his credit cards that will take years to pay off.
  Brooklyn Councilman Jumaane Williams owes from $35,000 to $308,000 on seven credit cards Ms. Katz reports. That's up from the $20,000 in 2009, and is attributed to a restaurant ownership.
  Brooklyn Councilman Vincent Gentile owed $165,000 in 2009 which has risen to $309,000 last year. There was no reason as Councilman Gentile was unable to be contacted.
  Bronx Councilman G. Oliver Koppell is reported as saying that he owes $160,000 on three credit cards he uses to support his law practice. Koppell is also quoted as saying that he gets offers for zero percent, and it's to good to pass up.
  You can read the entire article here at this link  .




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